Economic Challenges and Trade
Posts highlight economic challenges in Sri Lanka, including fuel price increases, rubber industry decline, and market performance. The discussions reflect ongoing economic struggles and sector-specific issues.
Sri Lanka has seen a sharp rise in fuel prices since the beginning of the Iran war, with price increases ranging from about 45% to 57% across different fuel types. https://t.co/yTjeekxf0F
#EmergingMarkets bond index @JPMorgan + 1% local, +2% sovereign 5 mo. Frontier govt bond FX return 2 digit lead #Zambia +28%, #Nigeria/#Paraguay +13%. ~5% #DominicanRepublic, #Kazakhstan, #Uzbekistan. #Kenya, #Pakistan. Worst -5% #Ghana/#SriLanka, flat #Egypt-#Serbia-#Ukraine.
#lka rubber output has more than halved during the past 15 years due to: • Sale of rubber land for housing projects • Switching of rubber land to higher yielding palm oil and cinnamon • Shortage of skilled rubber tappers • Disease outbreaks and unfavourable weather #CSE https://t.co/sLGcABdBWE